As the US investigates Bitcoin, India says it has no plan to regulate the virtual currency yet by @k…

The Bitcoin industry is getting more eyeballs from authorities in various countries, who are seeking to understand the virtual currency’s role in their economy and form regulations to govern the whole ecosystem — as a testimony to the rise of Bitcoin’s popularity and the subsequent concerns that arise from using it. After Thailand ruled Bitcoin as illegal and (apparently ) banned it late last month, the US has stepped into the fray as it announced plans to start investigating the virtual currency, seeking to “understand and provide a sensible regulatory framework,” according to the Washington Post . At the same time, India’s central bank has spoken up to say that it is ”watching” Bitcoin, though it has no intention of regulating the currency now, The Economic Times reports . The Reserve Bank of India had previously acknowledged, however, that virtual currencies “pose chall...